Source Match Business News
Analysis: Little sign Abe can shake up Japan's inbound FDI
By Stanley White TOKYO (Reuters) - Japan risks missing, yet
again, an opportunity to use foreign investment to help fuel
sustained economic growth that has eluded it for the last two
decades. Prime Minister Shinzo Abe pledged to make Japan "the
world's easiest country for companies to do business in" as part of
his economic revival plan, which so far has been largely met with
approval. The stock market has rallied 45 percent this year and
Abe's approval ratings are around 70 percent. ...
Global shares grind higher, yen edges up on Amari comments
By Marc Jones LONDON (Reuters) - Rising optimism about global
growth pushed world shares to a near five-year high on Monday,
while comments from Japan's economy minister that consumers could
suffer if the yen falls further lifted it off a 4-1/2 low. Data
last week that showed U.S. consumer sentiment at its strongest in
nearly six years continued to support equity markets. MSCI's world
index is at its highest since June 2008 as top European shares
started the week up 0.2 percent. With risk appetite dominating,
safe-haven German Bunds fell 45 ticks, while gold, also pressured
by signs the U.S. ...
China sentences underground bank operator to death
NY regulator questions investment firms' ties to insurers: WSJ
Chesapeake Energy hires Anadarko executive as CEO: WSJ
(Reuters) - Chesapeake Energy Corp has hired Robert Douglas
Lawler of rival Anadarko Petroleum Corp as chief executive, filling
the post vacated by co-founder Aubrey McClendon, the Wall Street
Journal reported, citing people familiar with the matter.
Chesapeake and Anadarko could not immediately be reached for
comment by Reuters outside of regular U.S. business hours.
McClendon's departure on April 1 came after a tumultuous year in
which a series of Reuters investigations led to civil and criminal
probes of the second-largest U.S. natural gas producer. ...
Asian stocks rise on signs of steady US recovery
Analysis: Shrinking deficit reduces pressure for budget deal
By Jason Lange and David Lawder WASHINGTON (Reuters) - The
chances of a deal between Democratic and Republican lawmakers that
would overhaul the tax system, trim government spending and reform
safety net spending programs appear to be fading. A sudden
improvement in the outlook for the government deficit over the next
decade has alleviated some of the pressure on lawmakers to act. And
a spate of scandals, involving the Internal Revenue Service,
security for the U.S. ...
Insight: The road to a greener America is littered with road-kill
By Nichola Groom LOS ANGELES (Reuters) - In October 2004, then
California Governor Arnold Schwarzenegger rolled up to a pioneering
fueling station at Los Angeles International Airport in a
hydrogen-powered metallic blue Hummer loaned to him by General
Motors Corp. The "California Hydrogen Highway," Schwarzenegger's
vision to ensure that every Californian would have access to a
hydrogen fueling station by the end of 2010, called for the state
to spend more than $50 million to help deploy up to 100 hydrogen
fuel stations that would serve 2,000 fuel cell vehicles. ...
Insight: The fight for North Dakota's fracking-water market
By Ernest Scheyder WATFORD CITY, North Dakota (Reuters) - In
towns across North Dakota, the wellhead of the North American
energy boom, the locals have taken to quoting the adage: "Whiskey
is for drinking, and water is for fighting." It's not that they
lack water, like Texas and California. They are swimming in it, and
it is free for the taking. Yet as the state's Bakken shale fields
have grown, so has the fight over who has the right to tap into the
multimillion-dollar market to supply water to the energy sector.
North Dakota now accounts for over 10 percent of U.S. ...
SAC Capital's Cohen gets subpoena to testify: NY Times
(Reuters) - Steven A. Cohen has received a subpoena to testify
before a grand jury in a U.S. government insider trading
investigation into his hedge fund SAC Capital Advisors, the New
York Times reported, citing lawyers and executives briefed on the
case. Other SAC executives also received similar subpoenas and the
fund itself has received requests for information about its
activities, the lawyers and executives told the New York Times.
Jonathan Gasthalter, a spokesman for SAC, declined to comment to
the New York Times about the subpoenas. ...
Analysis: At margins of shale oil boom, a tempered euphoria
By Kristen Hays and Jonathan Leff HOUSTON/NEW YORK (Reuters) -
For the past three years, the boom in the U.S. shale oil industry
has outstripped all expectations. Production surged far faster than
any forecasts; drillers raced to secure space in new pipelines to
get their crude to market. Now, at the periphery, that may be
changing - at least for a while. News from two of the country's
less developed shale plays in Colorado and Ohio last week offer a
reality check for the wave of euphoria that has washed across the
industry. ...
Consumer group flags high SPF ratings on sunscreen
WASHINGTON (AP) — Sunbathers headed to the beach this summer
will find new sunscreen labels on store shelves that are designed
to make the products more effective and easier to use. But despite
those long-awaited changes, many sunscreens continue to carry SPF
ratings that some experts consider misleading and potentially
dangerous, according to a consumer watchdog group.
Yahoo's board approves $1.1 billion Tumblr acquisition: WSJ
SAN FRANCISCO (Reuters) - Yahoo Inc's board has approved a deal
to buy blogging and social networking site Tumblr for $1.1 billion
in cash, the Wall Street Journal cited people familiar with the
matter as saying on Sunday. Such an acquisition would be Marissa
Mayer's largest deal since taking the helm of the once-iconic
Internet company in July 2012. Yahoo is keen on fast-growing Tumblr
because its younger user base would bolster the older website's
"cool factor," the technology blog AllThingsD cited the sources as
saying. ...
Report: Yahoo nearing $1.1B acquisition of Tumblr
Photos: Frank Lloyd Wright Homes For Sale
Martha Stewart Case Judge Ruling Favors JCP
Couple Finds $100,000 in Safe Deposit Box
3 Indicted for Millions of Fake Marlboros
Men Charged for Millions of Fake Marlboros
Holy Grail of Books Could Fetch $30M
Holy Grail of Rare Books, Hymnal Could Fetch $30M
McDonald's Apologizes for Sad Big Mac Ad
Retail Sales Fall, Sending Stocks Down
Photos: Rock Icon's Former Home on Sale